About Currency Currents

With Currency Currents, you can stay tuned-in to our current global-macro view and our analysis of key investment themes driving currency prices.

We consistently focus on the key asset classes responsible for the flow of global capital -- including equities, fixed income, commodities and, of course, currencies.

Nothing is off limits to us in this free-wheeling look at the markets. Some days you’ll receive ramblings on trading psychology, while other days we may take an academic approach in explaining esoteric economic issues. Ultimately we have one goal in mind: to help you get a handle on the key investment themes driving global capital flow. Because if you know where the money is going, it increases the probability that your position in the market will be a profitable one.

Who is Jack the Pipper?

Jack is founder and president of Black Swan Capital LLC. He has also
operated a discretionary money management firm specializing in global
stock, bond, and currency asset management for retail clients. In
addition, he was general partner in a firm specializing in currency
futures and commodities trading. Neither firm is now in operation.

Prior to entering the investment arena, Jack worked in various
corporate finance positions. He has written extensively on the subject
of global currencies and international economics.

Key Market Strategies

Comments: Exiting TLT short position and grabbing gains. Dollar correction in full bloom and gold bouncing accordingly…shorter term players may consider playing these moves…
SPY Daily [last 209.74]: Short, still; no change to view…Looking for at least 207 to possibly complete Wave (C) of A, before a bounce. 207 represents extension and retracement support; after that, looking for 202.

EEM Daily [last 36.40]: No change here. Still holding short…swing support at 35.85; looking for an extension to at least 34.75, i.e. Wave C/3; then maybe a correction, with next target to A2, as labeled, which comes in near 31.50.

TLT 4-hour View [last 131.58]: Exiting this position on the open. Going flat and waiting for recovery to get short again. Looking for a bounce back to 136-level in Wave B.

GLD Daily [last 123.64]: Still short. The gold bounce is underway. Scope for a lot higher…very near-term resistance is 124.88 (and key swing resistance as you can see; i.e. support becomes resistance). Counting this as Wave B recovery now; would not be surprised to see a move back to 128.58 (short term players may wish to consider) given the potential for a multi-week US dollar correction lower.

USO Daily [last 10.28]: Ultimately looking for a flat correction in Wave (c) to carry to the low at Wave (a), 9.23, or more with a Major Wave B target of 8.40…but we still think the low is in place at 7.67 (2/11/16).

UUP Daily [25.20]: Still long. But the US dollar correction is in full bloom! We are sitting long still, through what may be a multi-week correction. A possible deep correction to 25.01; critical support comes in at 24.83.